Challenger banks are raking in cash. Should traditional banks be worried?
Challenger banks continue to be favorites for private investors, attracting millions in venture capital in their quest to displace traditional financial institutions.
Monzo, the U.K. challenger bank, last month became the latest fintech to attain unicorn status when it raised $110.6 million in Series E funding.
Yet traditional banks still find themselves in a good overall position despite recent buzz from headline-grabbing fintech deals.
"The executive ranks of the biggest fina...